Don't be a loony, throw your loonie away

On my previous 2 posts regarding the fall of the loonie (Canadian dollars), one of the reason I attempted to make such statement was because Bank of Canada decided Monday to maintain their interest rate (at 2.5%). This, in fact, has the effect to either weakening the loonie against the currency we're comparing to (USD) or the BoC has intention to increase money supply (M1).

Today's news (see http://www.cbc.ca/story/business/national/2004/12/08/loonie-041208.html), economists (like myself, ahem! hehe) predicted that the loonie will trade under $0.80 (that's = > $1.25) for a short period of time. Heck, if one had bought USD earlier at $1.18, then s/he can then sell at a rate greater than 1.25$!

If you're employed and dont' mind making a few thousands of dollars, then purchase at least US$80,000.

They're just my intuition.